The big question that I and many others had about the new $6,500 tax credit for current homeowners, is whether buyers with their houses currently under contract would be eligible under the new bill.

The answer, according to the National Association of REALTORS (R) is YES!

The bill was signed into law today by President Obama, and goes into effect TODAY.

Congratulations to those who qualify!


Please note, I still recommend speaking with your tax accountant to be certain on dates and qualifications. I am not a lawyer or tax accountant and am not offering tax or legal advice. I am reporting on information provided to the public by the National Association of REALTORS(R) based on their lawyers’ interpretation of the bill.